According to a new market report published by
Lucintel, the future of the aerospace tire industry looks positive with
opportunities in commercial, regional aircraft, general aviation, helicopter
and military aircraft segment. The global aerospace tire industry is forecast
to grow at a CAGR of 3.9% from 2016 to 2021. The major growth drivers of this
market are increase in aircraft delivery and increase in the frequency of
flights.
In this market, radial and bias tire are the
two types of tires. Lucintel predicts that the demand for radial tire is likely to experience the highest
growth in the forecast period due to more durability and light weight, which
increases life span of the aircraft tire.
Within
the aerospace tire industry, commercial aircraft is expected to remain the
largest market during forecast period due to increase in deliveries of commercial
aircraft and increase in the frequency
of flights.
By
market type, retrofit market is expected to remain the largest market during
forecast period due to increase in the frequency of flights.
North America is expected to remain the largest market during
the forecast period due to the increase
in aircraft deliveries and rise in the frequency of flights because of increase
in passenger traffic.
APAC is expected to grow with the highest CAGR during the
forecast period due to increasing demand of new aircraft and introduction of
new airlines in this region as the passenger traffic is expected to rise in the
forecast period which will increase the demand for aircraft tires.
For
market expansion, the report suggests innovation and new product development,
where the unique features of tire can be capitalized. Emerging trends, which
have a direct impact on the dynamics of the industry, include lightweight tires
which use light alloy metal bead cores and increasing demand of more durable
tires.
Michelin,
Goodyear Tire and Rubber Co., Bridgestone, and Dunlop Aircraft Tire are among
the major manufacturers of aerospace tires. Most of the aircraft tire
manufactures are expanding their markets to APAC region to capture the
growth opportunity in this region. Dunlop Aircraft Tyres opened a new tire
distribution and retreading facility in China.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global aerospace tire industry by tire type, market type, aircraft type, and
region and has come up with a comprehensive research report, “Growth
Opportunities in the Global Aerospace Tire Industry 2016-2021:Trends, Forecast,
and Opportunity Analysis.” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global aerospace tire industry by tire type,
market type, aircraft type, and region as follows:
By tire type (Value $ Million from 2010 to
2021):
·
Radial Tire
·
Bias Tire
By market type (Value $ Million from 2010 to
2021):
·
OEMs
·
Retrofit
By aircraft
type (Value $ Million from 2010 to 2021):
·
Commercial Aircraft
·
Regional Aircraft
·
General Aviation
·
Military Aircraft
·
Helicopter
By region (Value $ Million from 2010 to 2021):
·
North America
·
Europe
·
Asia Pacific
·
Rest of World
This 94-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click
on this link http://www.lucintel.com/aerospace_tire_market_2016_2021.aspx or helpdesk@lucintel.com. Lucintel offerings
include Aerospace
Report, Aerospace Market
Research, Strategic
Growth Consulting, Commercial
Due Diligence Report and Business
Strategy Consulting.
About Lucintel
Lucintel, the premier global management
consulting and market research
firm, creates winning strategies for growth. It offers market assessments,
competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services
to executives and key decision-makers in a variety of industries. For further
information, visit www.lucintel.com.
This
report answers following 10 key questions:
Q.1: What are some
of the potential, high-growth opportunities for global aerospace tire industry by
tire type, market type, aircraft type and region?
Q.
2. Which product /segments will grow at a faster pace and why?
Q.
3. Which region will grow at a faster pace and why?
Q.4: What are the
key factors affecting market dynamics? What are the drivers and challenges in
this market?
Q.5: What
are the business risks and threats of this market?
Q.6: What are emerging trends in this market and
reasons behind them?
Q.7: What are some of the changing demands of
customers in the market?
Q.8: What are the new developments in the market?
Which companies are leading these developments?
Q.9: Who are the major players in this market? What
strategic initiatives are being implemented by key players for business growth?
Q.10: How is the competitive rivalry and threat of substitution in this
market?
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